Thinking About Franchising Your Business?
1.) Why should I use franchising to grow my business? As a smart and successful entrepreneur, you’re probably thinking about how you can continue to...
Category : Franchise Tutorials
Financing Your Franchise
After the initial excitement of learning about the multitude of franchise opportunities out there, it’s important to seriously consider all of the financial details so...
Tutorial 1: What is a Franchise?
Franchising is a business relationship in which an owner (franchisor) gives a license to a third party (franchisee) allowing them the right to use its...
Tutorial 2: Intro to Franchise Fee Fundamentals
Have you ever wondered why franchisors charge franchise fees? Simply put, these fees ensure the franchisor has a vested interest in your future. But let’s...
Tutorial 3: What You Need to Know About Deposits
Let’s recap. In Intro to Franchise Fee Fundamentals we briefly mentioned that before a franchisee enters a franchise agreement, two types of fees are required:...
Tutorial 4: Intro to Disclosure Documents
As someone who is seriously considering investing in a franchise, you’ve probably completed your fair share of research. And if you’ve conducted all your due...
Tutorial 5: Intro to Royalties
Within almost all franchise systems, franchisees are required to pay a royalty fee. This is an ongoing payment that gives franchisees the right to use...
Tutorial 6: Intro to Advertising Fees
As you know, investing in a franchise comes with its fair share of fees. Based on the research you’ve conducted up to this point, you...
Tutorial 7: Initial Training
If you recall from tutorial 1, you’ll remember that the hallmark of a successful franchise is consistency. No matter which location or time of day...
Tutorial 8: Intro to Ongoing Franchise Training
When it comes to providing franchisees with support, great franchisors won’t just stop with the initial training. In fact, you’ll know right away if a...